Latest canadiandollar currency exchange rates againstvariouscountries today #29january2024
#latestCanadiandollarcurrencyexchangeratestoday
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USD/CAD hits a nine-week low at 1.3541, currently trading below 1.3550 due to dovish remarks from Fed Governor Waller. The US Dollar faces pressure despite mixed US data. Crude oil price rise boosts the Canadian Dollar, with WTI around $76.60. OPEC+ meeting anticipation drives oil supply dynamics. Investors focus on US Q3 GDP and Fed’s Beige Book, while Canada’s Q3 GDP data is awaited. Forward-looking statements caution readers, emphasizing the risks of investing. Information here is for reference and not a buy/sell recommendation.
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